169 Spring Run DrMooresvilleNC28117
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Mooresville at 169 Spring Run Dr, Mooresville, NC, 28117 generates $5,276/mo in rent and, after a $3,573/mo payment, leaves $828/mo in cash flow. Total monthly income is $5,276/mo, and annual cash flow is $9,937/yr on $240,137 invested. Return on cash invested sits at 24.2% in year one, and rental yield is 8.67% on a $729,900 entry. Equity gained on principal adds $4,710/yr, while 5% annual appreciation builds toward $201,658 over five years. Five-year ROI reaches 125.7% and total cumulative return in cash sums $301,855. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,276/mo property income rather than buyer’s personal income.
Single Family
Built in 1990
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28117, Mooresville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,357 (100%) |
| Owner Occupied HU | 14,100 (57.9%) |
| Renter Occupied HU | 7,756 (31.8%) |
| Vacant Housing Units | 2,501 (10.3%) |
| Median Home Value | $594,069 |
| Average Home Value | $756,439 |
Housing Distribution
Address Breakdown
Residential
22,737
Single Family
20,043
Multi-Family
2,694
Businesses
2,416
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Listed by: Peter Contastathes • Forward Realty Inc.
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4303874